New lifestyles require new real estate products, says Alexander Lackner, the managing director of CR Investment Management, as he identifies three niche sectors in the German real estate market that investors should be paying close attention to.
The first of these is day care centres. Last year, 2.8 million children used child care facilities in Germany. This equals an increase of more than 27 percent since 2006. Among the 3- to 5-year-old group, 93 percent of children were in day care in 2019. In the group of children aged below 3, the figure was 34 percent — in 2006, the figure was below 14 percent. Although the number of day care spots for toddlers below the age of 3 has more or less doubled since 2009, there remains a nationwide shortfall of around 320,000 spots for children in this age bracket, according to the IW German Economic Institute in Cologne.
The second is serviced apartments. According to a 2019 business travel analysis conducted by the German Busines
